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...pertinent question for the 40th anniversary of V-E day is how the Continent will shrug off its discomforts and limitations, and reignite the promise that was so stunningly fulfilled, at least in Western Europe, during the immediate postwar years. Part of the answer will depend, as it has all along, on the guardian superpowers. Even so, there are signs that a more realistic view of Western Europe and its prospects is gaining strength and currency, based on the pragmatic recognition that the constituent nation-states of the region will survive--and can thrive--for some time to come...
...economy fares during the coming year will depend in large part on the actions of the Federal Reserve. Faced with problems ranging from a sagging recovery last fall to an Ohio banking crisis in March, Fed Chairman Paul Volcker has been allowing the money supply to grow more rapidly to keep credit affordable. With inflation still in check, the central bank will be tempted to continue its looser-money policy. "Right now the economy's giving off a mixed picture," says Manuel Johnson, Assistant Treasury Secretary for Economic Policy. "But if we can be sure that monetary policy...
...past several years, Turner has tried to tone down his strutting style, seemingly in the hope of gaining acceptance among Wall Street's buttoned-down moneymen. He realized that his success in any takeover battle will depend on winning the confidence of institutional investors like pension funds, which hold more than 60% of CBS stock. Nonetheless, the drawling Southerner remains largely an outsider. When he went shopping for an investment banker for the CBS deal, he was reportedly turned down first by Drexel Burnham Lambert and then by Shearson Lehman. Finally he reached a deal with E.F. Hutton, a relatively...
Whatever that show's fate, Broadway ticket buyers will have to depend a while longer on such holdovers as A Chorus Line, which opened in 1975, 42nd Street (1980), Dreamgirls (1981), Cats (1982), La Cage aux Folles (1983), and last year's The Tap Dance Kid and Sunday in the Park with George...
...arguably more interesting than a standard dorm party-cum-keg. It’s not that more parties or more alcohol shouldn’t happen. It’s just that there’s a lot that the many vibrant social scenes that don’t depend on alcohol are doing right...